Digital currency pivot costs Longfin $223 million
A New York court has ruled that Longfin Corp. owes its investors over $223 million in a default judgment against the company.
A New York court has ruled that Longfin Corp. owes its investors over $223 million in a default judgment against the company.
The FinTech company’s CEO agrees to pay a massive fine.
The regulator had accused Longfin of falsifying its SEC filings and conducting a fraudulent public offering, which the court found the firm guilty of.
Longfin is accused of offering a fraudulent public offering, faking transaction volume, and not even being a crypto company.